Spring is usually when things pick up in the housing market and while activity is starting to build, this year feels a little different.
Some buyers are still sitting on the sidelines. Sales earlier this spring came in softer than last year, and there’s a bit more of a “wait and see” energy out there.
At the same time, we’re not exactly flooded with listings either. There’s been a slight increase, but we’re still below what’s considered a more balanced, long-term level.
So what does that leave us with?
A market that feels a bit in between.
Buyers have more options than they did during the peak frenzy, but not enough to suddenly make things feel affordable. Sellers are seeing more cautious buyers who are taking their time and asking more questions.
And then there’s rates.
A lot of people are waiting, hoping they’ll come down. Totally fair. But here’s the thing, the impact of today’s market isn’t the same everywhere.
In some pockets of BC and Ontario, prices have eased a bit, which helps. In others, not so much. And even where prices have softened, it hasn’t fully cancelled out the effect of higher borrowing costs.
So more activity doesn’t automatically mean easier conditions.
This is where strategy matters more than timing
Trying to time the market perfectly is a tough game. What matters more is having a plan that actually fits you.
Not just what you qualify for, but what feels comfortable month to month. Looking at different rate scenarios. Understanding how your payment could shift. Thinking about how long you’ll realistically stay.
Because markets change. Quickly.
Waiting for the “perfect” moment can sometimes mean missing the right one for your life.
That’s where I come in.
Whether you’re buying, renewing, or just starting to think about your options, I’ll walk you through it in a way that makes sense for you. No pressure, just a clear plan so you can move when it feels right. Happy to help.